Annual report pursuant to Section 13 and 15(d)

Inventory

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Inventory
12 Months Ended
Dec. 31, 2017
Inventory [Abstract]  
Inventory

Note 3—Inventory

 

Inventory primarily consists of Powerstation parts used as raw materials for the Company’s EC250 and KG2 orders. Work-in-progress inventory consists of Powerstation parts and employee and contract labor assembly costs for Powerstation sub-assemblies. Sub-assemblies and parts are typically shipped to end customer locations and assembled on-site. Completed Powerstations awaiting final installation and commissioning would be carried as finished goods. There was no finished goods inventory at either December 31, 2017 or December 31, 2016. Inventories consist of:

 

    December 31, 2017     December 31, 2016  
Raw material and spare parts   $ 953,000     $ 990,000  
Work-in-progress     2,075,000       1,774,000  
Total   $ 3,028,000     $ 2,764,000